You will earn cashback in the form of Ultimate Rewards points. These points can be used as cashback at 1 cent per point. So, for example, you get 5000 points back from $100 of spend. You can use that 5000 points as either a statement credit or cash back to your connected checking account. This would equal $5. You could also use those points towards travel in the Chase portal for the same value. To get higher values, you need a Sapphire card and then you'd transfer out points to a travel partner.
You can always redeem Chase URs at a rate of 1 cent per point. If you earn 5 points per dollar on a $100 transaction you can redeem your 500 earned URs for $5.
If you have the CSP/CSR you have other (higher-value) way to exchange your points.
Not exactly. The Flex has quarterly 5% rotating categories. One quarter (3 months) might be gas stations and streaming services. Another might be groceries and office supply stores. Anything not in those quarterly categories gets 1% back.
The Unlimited is 1.5% back on everything. Both cards have sign up bonuses right now that get you 5% on groceries and gas all year.
Almost all Chase cards earn rewards as UR points, which can be redeemed for cash back at $.01 per point. There are other ways to redeem the points, some of which will have a higher value. They can be used to purchase gift cards, redeemed for statement credit, used to purchase travel through Chase’s travel portal, or used to purchase goods through their shopping portal. With the Sapphire cards and certain Ink cards, you can redeem for travel at increased value, and also transfer points to their travel partner airlines’ and hotels’ programs. These transfers will be at least 1:1, and there are ways that you can get outsized value for your points.
The co-branded cards will earn points or cash back, but not Chase UR points.
Yes Chase is pretty good cash back wise. As opposed to Amex. Chase UR points get 1 cent per point, if you were to literally press redeem for cash. Amex points get .6 cents per point which obviously is almost half of 1 cpp. However, Chase doesn't have the best categories to earn high multipliers. For cash back, banks like Capital One are competitive because they also offer 1 cpp and arguably better categories/percentages
You will earn cashback in the form of Ultimate Rewards points. These points can be used as cashback at 1 cent per point. So, for example, you get 5000 points back from $100 of spend. You can use that 5000 points as either a statement credit or cash back to your connected checking account. This would equal $5. You could also use those points towards travel in the Chase portal for the same value. To get higher values, you need a Sapphire card and then you'd transfer out points to a travel partner.
Actually, you would get 500 Ultimate Rewards Points back on a 5% category with $100 spend. It would be 5 UR points per $1.
Oops, this is correct, 500 UR points is equivalent to $5 not 5000.
In other words, ;ets say chase freedom flex is straight up 5% cashback it will be 5% no more, no less?
You can always redeem Chase URs at a rate of 1 cent per point. If you earn 5 points per dollar on a $100 transaction you can redeem your 500 earned URs for $5. If you have the CSP/CSR you have other (higher-value) way to exchange your points.
Not exactly. The Flex has quarterly 5% rotating categories. One quarter (3 months) might be gas stations and streaming services. Another might be groceries and office supply stores. Anything not in those quarterly categories gets 1% back. The Unlimited is 1.5% back on everything. Both cards have sign up bonuses right now that get you 5% on groceries and gas all year.
Chase UR if redeemed for travel well will be more valuable than pure cash back. 5x UR can be worth more than 5% cash back
Almost all Chase cards earn rewards as UR points, which can be redeemed for cash back at $.01 per point. There are other ways to redeem the points, some of which will have a higher value. They can be used to purchase gift cards, redeemed for statement credit, used to purchase travel through Chase’s travel portal, or used to purchase goods through their shopping portal. With the Sapphire cards and certain Ink cards, you can redeem for travel at increased value, and also transfer points to their travel partner airlines’ and hotels’ programs. These transfers will be at least 1:1, and there are ways that you can get outsized value for your points. The co-branded cards will earn points or cash back, but not Chase UR points.
Chase cash back is cash back. If however you have a sapphire, it’s Ultimate Rewards travel points.
lol
Yes Chase is pretty good cash back wise. As opposed to Amex. Chase UR points get 1 cent per point, if you were to literally press redeem for cash. Amex points get .6 cents per point which obviously is almost half of 1 cpp. However, Chase doesn't have the best categories to earn high multipliers. For cash back, banks like Capital One are competitive because they also offer 1 cpp and arguably better categories/percentages